TheStreet Recommends Again to Hold Sprint Nextel Corporation (NYSE:S)

Pompano Beach, FL -- (SBWIRE) -- 01/08/2013 -- Sprint Nextel Corporation (NYSE:S) has been restated by TheStreet Ratings as a “hold” with a rankings score of C-.

The business's strengths can be seen in many regions, such as its revenue expansion, steady stock price performance and effective cash flow from operations.

How Should Investors Trade Sprint Nextel Now? Don’t Miss out a Special Trend Analysis

On the other hand, against these strengths, they as well discover weaknesses including declining net income, unsatisfactory return on equity and usually higher debt management risk.

Things to see from the ratings report comprises Sprint’s revenue expansion has somewhat outperformed the industry average of 4.4%.

Since the similar quarter previous year, revenues marginally increased 5.2%. This expansion in revenue does not seem to have trickled down to the firm's bottom line, showed by a drop in earnings per share.

So far today, Sprint Nextel Corporation (NYSE:S) shares lost -1.34% to $5.88 while the stock is changing hands within a range of $5.78 – $5.96. In the past year, the stock has traded between $2.10 and $6.04. Its average daily trading volume is 31.36 million shares.

Will Sprint Nextel Get Buyers Even After The Recent Rally? Find Out Here

Looking at other stocks within industry, Clearwire Corporation, Portugal Telecom, SGPS and Turkcell Iletisim Hizmetleri A.S. were in the gainers list. Let’s have a quick look on their Market performance.

Clearwire Corporation (NASDAQ:CLWR) shares are up +0.52% to $2.91 while the stock is trading within the range of $2.88 – $2.92 in the current trading session. In the last 12 months, shares have floated between $0.83 and $3.40. This stock, on average, has trading volume of 27.17 million shares.

Will CLWR Continue To Move Higher? Find Out Here

In this session so far, Portugal Telecom, SGPS (ADR) (NYSE:PT) shares moved up +0.98% reaching $5.17. The stock is trading in a range of $5.12 – $5.22. In the last year the stock has moved within a range of $3.73 – $5.72. The Company’s average daily trading volume is 274,957 shares.

Why Should Investors Buy PT After The Recent Gain? Just Go Here and Find Out

Another rival company, Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC), is trending +0.61% higher to $16.59. The stock price is hovering in range of $16.57 to $16.78. In the previous 52 weeks, shares price ranged between $10.75 and $16.78. Their average daily trading volume is 269,934 shares.

For How Long TKC will Fight for Profitability? Read This Trend Analysis report

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